Huntington National Bank Has $35,000 Stake in Standex Int’l Corp. (SXI)

Huntington National Bank reduced its stake in shares of Standex Int’l Corp. (NYSE:SXI) by 46.7% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 480 shares of the industrial products company’s stock after selling 420 shares during the quarter. Huntington National Bank’s holdings in Standex Int’l were worth $35,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. BlackRock Inc. grew its position in shares of Standex Int’l by 1.5% during the 4th quarter. BlackRock Inc. now owns 1,874,997 shares of the industrial products company’s stock worth $125,962,000 after buying an additional 28,240 shares during the period. Vanguard Group Inc lifted its holdings in shares of Standex Int’l by 2.3% during the 3rd quarter. Vanguard Group Inc now owns 1,287,813 shares of the industrial products company’s stock valued at $134,255,000 after purchasing an additional 28,378 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of Standex Int’l by 2.3% during the 3rd quarter. Vanguard Group Inc. now owns 1,287,813 shares of the industrial products company’s stock valued at $134,255,000 after purchasing an additional 28,378 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Standex Int’l by 1.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 610,891 shares of the industrial products company’s stock valued at $41,039,000 after purchasing an additional 7,929 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in shares of Standex Int’l by 2.5% during the 4th quarter. Bank of New York Mellon Corp now owns 204,990 shares of the industrial products company’s stock valued at $13,770,000 after purchasing an additional 5,000 shares in the last quarter. Institutional investors own 89.01% of the company’s stock.

NYSE:SXI opened at $74.89 on Thursday. Standex Int’l Corp. has a fifty-two week low of $62.02 and a fifty-two week high of $114.20. The company has a current ratio of 2.76, a quick ratio of 2.00 and a debt-to-equity ratio of 0.69. The stock has a market cap of $941.39 million, a PE ratio of 14.49 and a beta of 1.68.

Standex Int’l (NYSE:SXI) last released its quarterly earnings data on Wednesday, January 30th. The industrial products company reported $0.98 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.21 by ($0.23). Standex Int’l had a net margin of 6.56% and a return on equity of 13.88%. The business had revenue of $195.50 million for the quarter, compared to the consensus estimate of $197.38 million. During the same quarter last year, the firm earned $1.12 EPS. The company’s revenue for the quarter was up 5.3% on a year-over-year basis. As a group, equities analysts expect that Standex Int’l Corp. will post 5.05 EPS for the current fiscal year.

Separately, Zacks Investment Research upgraded Standex Int’l from a “sell” rating to a “hold” rating in a report on Tuesday, February 19th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $106.50.

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Standex Int’l Company Profile

Standex International Corporation manufactures and sells various products and services for commercial and industrial markets in the United States and internationally. The Food Service Equipment segment offers refrigerated cabinets, cases, display units, walk-in coolers, and freezers; commercial ovens, char broilers, ranges, griddles, toasters, warmers, roller grills, and countertop merchandisers; commercial cook and hold units, rotisseries, pressure fryers, and baking equipment; commercial deep fryers; merchandizing display cases; pump systems; and cold storage equipment.

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Institutional Ownership by Quarter for Standex Int`l (NYSE:SXI)

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